When faced with financial challenges, many individuals often consider various sources of funds. Your 401(k) retirement account can be a valuable source of funds. While borrowing from your 401(k) can provide quick…
Tag: interest rates
HELOCs: The Retiree’s Secret Weapon or a Ticking Time Bomb?
Are you a retiree looking for financial flexibility? Home Equity Lines of Credit might be a solution, commonly known as HELOCs. HELOCs can provide a valuable source of funds in your retirement…
Retirement In A Slowing Global Economy: What You Need To Know
The global economy has experienced significant slowdowns in the last few years, partly because of the pandemic. Unfortunately, experts predict this trend will continue, and the global economy will continue to slow down in the coming years. This is a concern for retirees who are already dealing with the challenges of living on a fixed income.
How Increasing Interest Rates Can Affect Your Pension
The economy has seen several noticeable repercussions in response to the Federal Reserve’s efforts to combat inflation by raising interest rates. New loan rates for the purchase of automobiles and mortgages have increased in the past 18 months. However, interest rates offered to savers have also increased, putting more money back into their pockets.